Welcome to our dedicated page for Farmers & Merchants Bk Md news (Ticker: FMFG), a resource for investors and traders seeking the latest updates and insights on Farmers & Merchants Bk Md stock.
Farmers & Mer Bancshares (FMFG) delivers banking solutions while prioritizing community impact and financial stability. This news hub provides investors and stakeholders with timely updates on operational developments and strategic initiatives.
Access official press releases covering quarterly earnings, leadership appointments, and regulatory filings. Track announcements about loan portfolio management, interest rate strategies, and community reinvestment programs aligned with the company's sustainability focus.
All content is sourced from verified corporate communications, ensuring reliability for research and decision-making. Bookmark this page to monitor FMFG's financial health indicators and industry positioning through primary-source updates.
Farmers and Merchants Bancshares, the parent company of Farmers and Merchants Bank, declared a cash dividend of $.33 per share on May 20, 2024. This dividend will be paid on June 21, 2024, to shareholders recorded by June 3, 2024. The dividend yields 4.1% annually based on the current market value of $16.25 per share. For more details, visit the investor relations section on their website.
Farmers and Merchants Bancshares reported a net income of $1,900,851 for Q1 2023, a decline from $2,050,802 in Q1 2022. This translates to earnings per share of $0.62, down from $0.68 last year. The return on average equity improved to 15.49% from 14.55%, while return on average assets dropped to 1.05% from 1.15%. Net interest income fell by $307,021 as the taxable equivalent net yield decreased to 3.24%. Total assets slightly increased to $723 million, and deposits rose to $637 million. The book value per share improved to $16.53. CEO Gary A. Harris emphasized strong liquidity and low uninsured deposits at around 20%, positioning the bank favorably amidst recent industry challenges.
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